Member Sign In

You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities.

If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.

A similar move was noticed last week by AT&T, Inc. (T - Free Report) , which announced the launch of 4G LTE smartphone – NEC Terrain – in collaboration with NEC Corp. The phone will be available from Jun 21 in AT&T’s stores for $199.99 on a two-year contract.

Verizon is riding high on smartphone sales with the introduction of devices that would boost data revenue going forward. The company’s smartphone penetration increased to 61%. It activated 7.2 million smartphones during the first quarter, of which 28% were new users. During the quarter, the company introduced numerous devices to attract customers to 4G LTE that covers over 28% of the total retail post-paid connections.

Furthermore, Verizon is moving quickly to acquire more spectrum licenses that will support its data services. The company received approval from the Federal Communications Commission (FCC) to buy wireless spectrum from SpectrumCo -- a joint venture between Comcast Corporation (CMCSA - Free Report) , Time Warner Cable Inc. and Bright House Networks -- for $3.9 billion in Aug 2012.

We believe the company’s ability to capture additional market share via robust deployment of the 4G network coupled with an array of advanced devices would catapult significant market traction, leading to top and bottom-line growth going forward.

Resources

Client Support

Follow Us

Zacks Moblie App

Zacks Research is Reported On:

Yahoo

MSN

Marketwatch

Nasdaq

Forbes

Investors.com

Morningstar

Copyright 2018 Zacks Investment Research

At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +25% per year. These returns cover a period from 1988-2017. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zack Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.

Visit performance for information about the performance numbers displayed above.